#597: Building Wealth through Real Estate: Insights from a Luxury Vacation Rental Expert — with Stephen Petasky

Stephen Petasky is a real estate and short-term rental expert. He is the founder of the Luxus Group, which is a multifaceted real estate firm that has verticals in luxury vacation rentals, luxury vacation developments, and a restoration arm that turns ancient ruins into luxury private estates.  

Quote: 

Luxus started through my wife and I just trying to solve the problem of luxury vacation rentals for ourselves and we quickly realized we solved the problem for a bunch of other people too.

Highlights:  

6:58: How Steven’s early experiences helped shape him as an entrepreneur

7:46: Steven shares his strategies for teaching financial literacy to his kids 

16:39: Steven talks about the founding of the Luxus Group

21:29: How the Luxus Group capitalized off of opportunities during the Great Recession 

26:39: The evolution of the short-term rental space

35:51: Potential buying opportunities in the short-term rental market due to oversaturation

43:16: Restoring ancient ruins into luxury private estates for families

50:27: Why creating a brand around a particular offering can attract clients

57:19: The importance of building relationships to enter new markets

Website: https://luxusgroup.com/

Recommended Resources: 

  • Accredited Investors, you’re invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club!
  • If you’re a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team. 
  • Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com
  • Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.
  • Learn more about Kevin’s investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.

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